Mohawk Industries, Inc. (NYSE:MHK) Shares Purchased by Lodge Hill Capital LLC

Lodge Hill Capital LLC lifted its position in Mohawk Industries, Inc. (NYSE:MHK) by 104.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 225,000 shares of the company’s stock after purchasing an additional 115,000 shares during the quarter. Mohawk Industries accounts for approximately 6.9% of Lodge Hill Capital LLC’s holdings, making the stock its 3rd biggest holding. Lodge Hill Capital LLC owned approximately 0.35% of Mohawk Industries worth $25,558,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quest Partners LLC boosted its stake in Mohawk Industries by 40.0% in the second quarter. Quest Partners LLC now owns 294 shares of the company’s stock worth $33,000 after purchasing an additional 84 shares in the last quarter. Quarry LP lifted its position in Mohawk Industries by 70.4% during the 4th quarter. Quarry LP now owns 421 shares of the company’s stock worth $44,000 after buying an additional 174 shares in the last quarter. Headlands Technologies LLC bought a new stake in Mohawk Industries during the 2nd quarter worth about $50,000. Quent Capital LLC grew its stake in shares of Mohawk Industries by 27.2% during the first quarter. Quent Capital LLC now owns 496 shares of the company’s stock valued at $65,000 after purchasing an additional 106 shares during the last quarter. Finally, TFO Wealth Partners LLC increased its holdings in shares of Mohawk Industries by 32,500.0% in the fourth quarter. TFO Wealth Partners LLC now owns 652 shares of the company’s stock valued at $67,000 after purchasing an additional 650 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Trading Down 0.4 %

MHK opened at $157.60 on Friday. The firm’s fifty day moving average is $148.03 and its two-hundred day moving average is $127.92. The firm has a market cap of $10.06 billion, a PE ratio of -24.10, a price-to-earnings-growth ratio of 1.15 and a beta of 1.37. Mohawk Industries, Inc. has a twelve month low of $76.02 and a twelve month high of $164.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.92.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, July 25th. The company reported $3.00 EPS for the quarter, topping the consensus estimate of $2.75 by $0.25. Mohawk Industries had a positive return on equity of 8.07% and a negative net margin of 3.30%. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the business posted $2.76 EPS. The firm’s revenue was down 5.1% compared to the same quarter last year. Equities research analysts anticipate that Mohawk Industries, Inc. will post 10 EPS for the current year.

Insider Activity

In related news, VP Rodney David Patton sold 755 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $162.78, for a total transaction of $122,898.90. Following the completion of the sale, the vice president now directly owns 12,299 shares of the company’s stock, valued at approximately $2,002,031.22. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Mohawk Industries news, VP Rodney David Patton sold 755 shares of Mohawk Industries stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $162.78, for a total value of $122,898.90. Following the sale, the vice president now owns 12,299 shares of the company’s stock, valued at approximately $2,002,031.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Suzanne L. Helen sold 660 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.46, for a total value of $99,963.60. Following the transaction, the insider now directly owns 118,709 shares of the company’s stock, valued at $17,979,665.14. The disclosure for this sale can be found here. Insiders have sold 4,415 shares of company stock worth $673,387 in the last 90 days. Corporate insiders own 17.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on MHK shares. JPMorgan Chase & Co. upped their price objective on Mohawk Industries from $124.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Wells Fargo & Company upped their price target on Mohawk Industries from $110.00 to $140.00 and gave the company an “underweight” rating in a research note on Monday, July 29th. Loop Capital lifted their price objective on Mohawk Industries from $145.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Royal Bank of Canada upped their target price on shares of Mohawk Industries from $108.00 to $140.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Finally, Robert W. Baird lifted their price target on shares of Mohawk Industries from $132.00 to $160.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Mohawk Industries has a consensus rating of “Moderate Buy” and an average target price of $156.00.

Mohawk Industries Company Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.